-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Again, free money … no strings attached … no accountability. Kinda like aid to Ukraine.
Time to defund U Of I
U of I has 6000 china students who are stealing engineering knowledge from USA.
One might say though that the USA students can’t qualify for engineering with their background in common core math and assorted equity/humanities high school backgrounds.
Think about it
Some students qualify just fine. Upper middle class students in America score as well, if not better, than most of the world on international tests of reading and math and science. It’s everyone else that scores poorly. Look up Bill Gate’s two americas speech. We have a lot of international students because they pay full out of state tuition. IIRC, U of I especially undergrad is mostly a state school, attracting mostly in-state students. U of I is one of the crappier, uglier Big 10 schools. So we have a lot of in-state students paying instate tuition and the international… Read more »
And it’s been going on since the 70s when Old Joe was an engineering student at Michigan State.
In my senior I took upper level 500 series courses and I remember counting 3 native born Americans in the class. Not so many Chinese but lots of Middle East folks, Koreans and Iranians.
Even then I knew there was something wrong with this picture. When foreign governments pay the full ride it funds alot of nefarious outcomes like our top engineering colleges being full of foreigners.
I also expect to live long enough to witness America paying in blood for the shortsightedness of educating millions of Chinese engineers.
Good to know that the University of Illinois has excess funds. Please lower the tuition for all immediately. That would be a gracious first step in helping all students deal with the raging inflation in other aspects of their lives.